Accounting Theory Questions 1. what is positive accounting theory? how does it differ from normative accounting theory? what was/were the major dissatisfaction(s) with normative accounting theory which led to the development of a positive theory accounting? 2. Explain the meaning of an efficient market. what is meant by the following terms: weak-form efficiency‚ semistrong-form efficiency‚ strong-form efficiency? which form is the most important to accounting research? why? 3 Explain the important
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Cost Accounting of Nursing Home Introduction Cost accounting is traditionally viewed as manufacturing support system so it is usually used for product related systems. Nursing homes are the entities that provide healthcare services to patients seeking special treatments. The cost accounting for nursing homes will revolve around the services provided by them and we considered them as our major ‘cost objects’. It offers the most extensive care a person can get outside a hospital. Nursing
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Transaction cost theory states that the goal of an organization is to minimize the costs of exchanging resources in the environment and the costs of managing exchanges inside the organization. Transaction costs are defined as the costs of negotiating‚ monitoring‚ and governing exchanges between people Transaction costs result from a combination of human and environmental factors Transaction costs result from a combination of human and environmental factors: Opportunism
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Brief About AS-16 Borrowing cost Background: A Business Enterprises requires fund for either of following 2 purposes: a) To finance its long term assets like plant and machinery‚ properties‚ furniture etc b) To finance its working capital needs for ensuring smooth functioning of its business activities In case of business enterprise goes for Expansion .i.e it enters into new line of business or goes into new product line or set up new plant‚ funds are required Incase of well established
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Theory of Accounts 1. The fundamental qualitative characteristic of faithful representation has the components of a. Predictive value and confirmatory value b. Comparability‚ consistency‚ and confirmatory value c. Understandability‚ predictive value‚ and reliability d. Completeness‚ neutrality‚ and freedom from error 2. The amount reported as “Cash” on a company’s balance sheet normally should exclude a. Postdated checks that are payable to the company b. Cash in a payroll account c. Undelivered
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Revisiting the Classical theories Introduction Organization indexes considerably more than the structures that lifts us out of ‘bare life’. Organization is also intimately‚ and utterly‚ connected to thought. While many‚ and by no means just those in the West‚ think of themselves as ‘free’ from enslavement by others‚ and even free from the organization of the state‚ who can argue that they are also free from the pervasive effects of language‚ culture and science? These are matters into which
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this journal is available at www.emeraldinsight.com/0951-3574.htm AAAJ 21‚2 Strategic management accounting: how far have we come in 25 years? Kim Langfield-Smith Monash University‚ Melbourne‚ Australia Abstract Purpose – The purpose of this paper is to provide a review of the origins of strategic management accounting and to assess the extent of adoption and “success” of strategic management accounting (SMA). Design/methodology/approach – Empirical papers which have directly researched SMA
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Coursework title: Evolution of Management Accounting discipline and its relationship with other functions in organizations The four standards of ethical conduct for management accountants as advanced by the institute of management accountants Competence Confidentiality Integrity Objectivity I NEED SOMEONE TO HELP WITH MY COURSEWORK BECAUSE I DONT UNDERSTAND IT AND I NEED HELP ASAP BECAUSE ITS DUE NEXT WEEK Evolution of Management Accounting discipline and its relationship
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DAC503:MANAGEMENT ACCOUNTING ASSIGNMENT 11/08/2011 Application of Management Accounting in your organization D61/62965/2010 MAY_AUGUST SEMESTER UON_NAIROBI CAMPUS How management accounting is applied at ICEA ASSET MANAGENT
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businesses were to choose a cash basis accounting method‚ they would record revenue when payments were received and they would record costs when payments were remitted. Payable and receivable entries would not be used since future payments would not be recorded and an inventory entry would not be needed as well. The merchandise purchased for resale or the materials purchased for use in the manufacturing of products would be recorded as an expense in the accounting period in which those purchases were
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